KCM Investment Advisors LLC Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

KCM Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,406 shares of the semiconductor company’s stock after purchasing an additional 682 shares during the quarter. KCM Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,460,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares in the last quarter. Empowered Funds LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 13.3% in the third quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock valued at $3,486,000 after purchasing an additional 2,360 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% during the third quarter. Signature Estate & Investment Advisors LLC now owns 6,588 shares of the semiconductor company’s stock worth $1,144,000 after purchasing an additional 162 shares in the last quarter. Connable Office Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 12.7% during the third quarter. Connable Office Inc. now owns 11,811 shares of the semiconductor company’s stock valued at $2,051,000 after acquiring an additional 1,332 shares during the last quarter. Finally, King Wealth Management Group grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.9% during the third quarter. King Wealth Management Group now owns 3,560 shares of the semiconductor company’s stock worth $618,000 after buying an additional 101 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent research reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $186.03 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The company’s 50 day simple moving average is $185.79 and its 200-day simple moving average is $171.92. The company has a market capitalization of $964.83 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.18%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.